Macau GGR to reach US$28.7bn this year, Seaport Research Partners says<\/a><\/p>\n\n\n\nCumulatively, Macau\u2019s GGR for the first half of 2024 was MOP113.8bn (US$14.20bn), up 41.9 per cent year-on-year but 23.9 per cent below the same period in 2019. Taxes from gambling contributed to 85.5 per cent of the Macau government’s total revenue, amounting to MOP52.41bn (US$6.51bn).<\/p>\n\n\n\n
According to the 2024 budget plan, the government aims for MOP83.61bn (US$10.4bn) in gaming tax this year. The first five months\u2019 take represents 44.3 per cent of that. In full year 2023, Macau collected MOP65.26bn (US$8.11bn) in gaming tax revenue, surpassing the budgeted total by 28.3 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
The government collected MOP44.79bn (US$5.57bn) in the first six months of the year.<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's casino operations generated MOP44.79bn (US$5.57bn) in tax revenue during H1 2024, a 67.2% year-on-year increase, with gaming taxes contributing 85.5% to the government's total revenue. While H1 GGR reached MOP113.8bn (US$14.20bn), up 41.9% YoY, it remains 23.9% below 2019 levels, indicating a continued recovery trajectory towards pre-pandemic performance. The current tax collection represents 44.3% of the MOP83.61bn (US$10.4bn) budgeted for 2024.","focusai_entities":"Financial Services Bureau, Seaport Research Partners","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Pace","query":"What specific policy or market factors are projected to accelerate Macau's GGR recovery to pre-2019 levels, and what is the revised timeline for achieving this benchmark?"},{"label":"Fiscal Impact Analysis","query":"Given the significant reliance on gaming tax, what are the Macau government's contingency plans or diversification strategies should GGR growth decelerate or face unforeseen external shocks?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777017061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777017061"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017061\/revisions"}],"predecessor-version":[{"id":777017099,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777017061\/revisions\/777017099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777017061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777017061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777017061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}